Enter IG Markets' Sprint betting.
As if their hourly and two hourly Binary Options availability arn't enough of a gambling mechanism with almost zero investing or markets acumen required, the Sprint betting takes things up several notches.
This is a ONE MINUTE gambling option just simply betting whether within a minute, a currency pair will be above or below the strike price (which is at Market when bought/sold).
Some key highlights:
1) Only one minute time frame. So it is VERY quickly over.
2) The chart simply shows the per second chart. Very drastic moves.
3) For a minimum bet of SGD$45, you stand to either lose 100%, or win SGD$81.45, an 81% potential payout.
4) See screenshot below, notice the time on the phone clock vs the expiry time - that's right, have I already mentioned it is a straightforward one-minute bet?
5) In the case of a draw, i.e. the expiration price equals your open price, you actually lose HALF! I know right?! Just like in the casino!!!
And the authorities are allowing this? While those online betting debates are ongoing?
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